21 Prospect St APT 1TorringtonCT06790
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Torrington at 21 Prospect St APT 1, Torrington, CT, 06790 priced at $145,700 pairs $1,450/mo rent with $460/mo cash flow after a $713/mo payment. Total monthly income equals $1,450/mo, and annual cash flow comes to $5,522/yr on $48,300 invested. Return on cash invested is 31.34% in year one, and rental yield stands at 11.94% on a $145,700 basis. Equity gained on principal adds $940/yr, and 5% annual appreciation accumulates to $40,254 by year five. Five-year ROI measures 165.04% and total cumulative return in cash reaches $79,716. For financing, Ziffy Mortgage’s DSCR program evaluates $1,450/mo property income against a $713/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06790, Torrington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,177 (100%) |
| Owner Occupied HU | 10,221 (59.5%) |
| Renter Occupied HU | 5,550 (32.3%) |
| Vacant Housing Units | 1,406 ( 8.2%) |
| Median Home Value | $205,021 |
| Average Home Value | $290,346 |
Housing Distribution
Address Breakdown
Residential
16,273
Single Family
14,829
Multi-Family
1,444
Businesses
1,355
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Listed by: N/A • N/A
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